APE Price Analysis July 2022

APE is a token of the platform ApeCoin. Its current price is around $4.69 by the time of writing, with a low of $1.00, and has a market cap of 1.4 billion dollars. The top Ethereum whales are now holding APE tokens. According to recent data, APE has become one of the top 100 most-acquired tokens among Ethereum whales.

What is ApeCoin?

ApeCoin is a utility and governance token that can be used for multiple purposes. The coin can be used to participate in the DAO governance and access exclusive parts of the ecosystem, such as games. ApeCoin is a decentralized cryptocurrency aiming to ensure fairness and maximize decentralization in the APE ecosystem. This is achieved by enabling investors to maintain and govern the community as necessary.

What is APE?

APE is the token of the ApeCoin platform, which is around $4.69 by the time of writing, with a low of $1.00. It reached $39.40, and its current ranking is #34 according to CoinMarketCap, with a market cap of 1.4 billion dollars. Ape Coin is a token within the APE Ecosystem and provides governance & utility. The project is decentralized and inspired by Yuga labs’ Bored Ape Yacht Club.

APE Coin Market Analysis 

APE has a total supply of 1,000,000,000 coins worth around $4.69 with a market volume of 276 million dollars, whereas the market capitalization is 1.4 billion dollars at writing. 

APE Price Prediction

Some experts believe that ApeCoin is a highly worthwhile investment compared to other cryptocurrencies. On the 1D timeframe, the price action of $APE/USDT has broken the falling wedge chart pattern. Currently, the price is moving towards its support zone.

Ape Price Charts July 2022
APE Price Charts July 2022

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Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

Pratyaksh
Pratyaksh

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